Calamos Advisors LLC Invests $1.90 Million in Everus (NYSE:ECG)

Calamos Advisors LLC acquired a new stake in Everus (NYSE:ECG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,828 shares of the company’s stock, valued at approximately $1,895,000. Calamos Advisors LLC owned 0.06% of Everus as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Crews Bank & Trust acquired a new position in shares of Everus in the 4th quarter worth approximately $29,000. Swedbank AB acquired a new position in Everus in the fourth quarter valued at $1,644,000. Moody Aldrich Partners LLC bought a new stake in Everus during the fourth quarter valued at $4,359,000. Cascade Investment Advisors Inc. bought a new stake in Everus during the fourth quarter valued at $1,272,000. Finally, KBC Group NV acquired a new stake in Everus during the 4th quarter worth about $150,000.

Everus Price Performance

Shares of Everus stock opened at $67.55 on Wednesday. Everus has a 52 week low of $40.05 and a 52 week high of $77.93. The firm has a 50 day moving average price of $68.41. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.47.

Everus (NYSE:ECG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.82 earnings per share (EPS) for the quarter. The business had revenue of $760.99 million during the quarter. As a group, sell-side analysts predict that Everus will post 2.83 earnings per share for the current year.

Analysts Set New Price Targets

ECG has been the topic of a number of recent analyst reports. Wolfe Research started coverage on Everus in a research note on Tuesday, December 3rd. They issued a “peer perform” rating on the stock. DA Davidson assumed coverage on Everus in a research note on Monday, November 4th. They issued a “neutral” rating and a $55.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Everus from $78.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Oppenheimer boosted their target price on shares of Everus from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.

About Everus

Everus Construction Group is providing a full spectrum of construction services through its electrical and mechanical and transmission and distribution specialty contracting services principally in United States. Its specialty contracting services are provided to utility, transportation, commercial, industrial, institutional, renewable and other customers.